ADVERTISEMENT

KAJD and Powerchina sign RM30bil agreement for Melaka Gateway project


Datuk Michelle Ong (right) briefing China's Transport Minister Yang Chuan Tang (third from right) and Datuk Seri Liow Tiong Lai (next to Yang) last year on Melaka Gateway.

Datuk Michelle Ong (right) briefing China's Transport Minister Yang Chuan Tang (third from right) and Datuk Seri Liow Tiong Lai (next to Yang) last year on Melaka Gateway.

KUALA LUMPUR: KAJ Development Sdn Bhd (KAJD), the master developer of Melaka Gateway, has signed a memorandum of agreement (MoA) with Powerchina International Group Ltd for a RM30bil joint investment to build and develop three islands that are earmarked for various tourism, commercial, property and maritime developments.

The islands will form part of Melaka Gateway, a tourism and property development project comprising three reclaimed islands and a natural island totalling 1,366 acres.

   

ADVERTISEMENT